WHAT
IS A PENNSYLVANIA REVERSE MORTGAGE?
A Pennsylvania Reverse Mortgage allows a senior homeowner (62+) to exchange
a portion of the equity in their home for a Tax Free Income. The Pennsylvania
Reverse Mortgage has NO Monthly Payments required for as long as you
live. The Pennsylvania Reverse Mortgage provides Tax Free Cash that can
be used for any purpose. With a Pennsylvania Reverse Mortgage you retain
the Title to your Home. That means with a Pennsylvania Reverse Mortgage
you can sell your Home at Anytime. A Pennsylvania Reverse Mortgage allows
you to receive the Cash in Monthly Payments, A Lump Sum, A Line of
Credit, or a Combination of the above. A Pennsylvania Reverse Mortgage
does not affect Social Security and Medicare. With a Pennsylvania Reverse
Mortgage there are No Income, Credit or Health Qualifications.
THE PROCESS OF A PENNSYLVANIA REVERSE MORTGAGE
• Educate yourself about a Pennsylvania Reverse Mortgage.
• Get a free information package about a Pennsylvania Reverse Mortgage.
• Speak with a qualified lender about your option of a Pennsylvania
Reverse Mortgage.
• Consult a trusted family member or financial advisor about
the benefits of a Pennsylvania Reverse Mortgage.
• Schedule a counseling session with a third party, non-biased
counseling group about a Pennsylvania Reverse Mortgage.
• Upon reaching a decision to pursue a Pennsylvania Reverse Mortgage
complete an application with a qualified Pennsylvania Reverse Mortgage
Specialist.
• The Pennsylvania Reverse Mortgage Specialist will begin the underwriting
process by ordering an appraisal, title work, and other related documentation.
• The Pennsylvania Reverse Mortgage is submitted for final approval
and then is scheduled for closing at a location convention for you.
• At funding of the Pennsylvania Reverse Mortgage you receive your
Tax Free Cash. |
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